Chip-on-Board (CoB) LED Market Analysis

Material (MCPCB, Ceramic)

In chip-on-board (CoB) LED market, ceramic segment is poised to hold more than 57% share by 2036 because ceramic-based COB LEDs have remarkable longevity, thermal stability, and light output efficiency, they dominate the COB LED industry. Because ceramic substrates are more thermally conductive than other materials, heat dissipation is more effective and power densities are increased. For COB LED products, this means better performance and a longer lifespan.

Additionally, ceramic-based COB LEDs are great for use in harsh environments since they can withstand high temperatures, humidity, and other environmental factors. Moreover, ceramic-based COB LEDs are perfect for use in high-end lighting applications including commercial and architectural lighting because of their greater color rendering and higher luminous efficiency.

Application (Illumination, Automotive, Backlighting)

In chip-on-board (CoB) LED market, backlighting segment is estimated to capture over 44% revenue share by 2036, because CCOB LED chips are more cost-effective per unit of light than traditional lighting systems and have high efficiency, the market for these chips is expected to grow substantially. Because of the higher resolution of these chips, designers can produce visuals that look more lifelike.

Over the projection period, this tendency is anticipated to continue, driving both the automotive and general lighting application segments. COB LEDs are widely utilized in the consumer electronics sector for backlighting displays found in devices like tablets, smartphones, and televisions. According to a report, by 2026, the consumer electronics industry is projected to generate USD 1,210 billion. Also, Apple held a 15.1% global chip-on-board LED market share in smartphone shipments in the first quarter of 2021. Furthermore, the use of COB LEDs for illumination in automotive applications is growing.

Our in-depth analysis of the global chip-on-board LED market includes the following segments:

Material	MCPCB Ceramic
Application	Illumination Automotive Backlighting

Frequently Asked Questions (FAQ)

Increased government initiatives for the deployment of COB LEDs, growing utilization in the automobile sector, and rising technological advancements in lighting solutions are the major factors driving the growth of the chip-on-board light emitting diode (LED) market.

The market size of chip-on-board light emitting diode (LED) is anticipated to attain a CAGR of 29% over the forecast period, i.e., 2024- 2036.

The major players in the market are SmallRig, NEC Display Solutions Europe, OLEDWorks, Luminus Devices, Acuity Brands, Inc., Toyoda Gosei Co., Ltd., OSRAM, Synopsys, Inc. Japan, Nichia Corporation, MARUWA SHOMEI CO., LTD. and others.

The ceramic segment is anticipated to garner the largest market size of 57% by the end of 2036 and display significant growth opportunities.

The market in the North America region is projected to hold the largest market share of 37% by the end of 2036 and provide more business opportunities in the future.

Chip-on-Board (CoB) LED Market Analysis